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Why Mortgage Rates are Falling Even As the Fed is Raising Interest Rates

Why Mortgage Rates are Falling Even As the Fed is Raising Interest Rates

So investors, by and large, sold safe government bonds — causing Treasury prices to fall and yields to rise — while loading up on stocks, which would stand to gain if economic activity took off. Equity indexes, such as the S&P 500 and Dow Jones Industrial Average, ballooned to all-time highs.

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